U.S. Treasury Yield Curve
This chart shows the latest U.S. Treasury par yield curve alongside the curve from approximately one year earlier. It uses Treasury’s official daily feed across maturities from one month to thirty years; the comparison describes the curve’s shape and movement, not future returns or a recession forecast.
What does it show?
The current Treasury curve is upward sloping, with long-term yields above short-term yields.
Methodology
Official daily Treasury par yield curve rates at eleven standard maturities. The current curve uses 2026-08-20, the latest observation in the Treasury feed. The comparison uses 2025-08-20, the observation on or immediately before the same calendar date one year earlier. These are par yields derived by Treasury from indicative market quotations, not individual security prices, investment returns, or a recession forecast.